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Brooklyn / East New York-New Lots / 11207

494 GEORGIA AVENUE

Recorded on the Digital Tax Map as LIVONIA COMMONS CONDOMINIUM.

Boro3
Block3820
Lot7501
BBL3038207501
Class RM
Residential units
90
Units in total
91
Storeys
0
Year built
-
Last alteration on file
-
Recorded transfers
None
01

What has sold here

No transfer with a recorded consideration has been attached to this lot for 2003 onwards. That is common and it is not evidence that nothing changed hands. A building held by one owner since before 2003, a building transferred for no stated consideration, and a rental building that has simply never been sold all produce an empty record here. See how to read a sale history.

02

The building on the lot

Section through the lot

Lot area
20,644 sq ft
Building area
87,840 sq ft
Residential area
78,462 sq ft
Commercial area
9,378 sq ft
Office area
-
Retail area
9,378 sq ft
Buildings on the lot
1
Built floor area ratio
4.25
Residential FAR permitted
4
Zoning district
R7A
03

Assessment

Assessed land value
$627,099
Assessed total value
$8,045,545
Exempt value
$7,158,144
Assessed per residential unit
$89,395

Assessed value is the figure the Department of Finance uses to levy property tax. For a class two building it is derived from an income approach and it is capped in how fast it can rise. It is not a market valuation and the two figures routinely differ by a wide margin. What the assessment does and does not tell you.

04

Classification and location

Building class
RM
Neighbourhood
East New York-New Lots
ZIP code
11207
Community district
Brooklyn 5
Council district
42
Coordinates
40.664188, -73.89633

The Department of Finance building classification list does not publish a description for code RM. On this site that code appears almost only on condominium billing lots.

05

Other buildings in East New York-New Lots

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
190 COZINE AVENUERM550-0-
971 JEROME STREETRM540-0-
875 PENNSYLVANIA AVENUED333619660-
910 HEGEMAN AVENUED110519690-
679 VAN SINDEREN AVENUERM10220180-
487 LIVONIA AVENUERM9020170-
500 LIVONIA AVENUERM9020160-
679 NEW LOTS AVENUERM8720110-
443 ALABAMA AVENUEC18419711-
494 SHEFFIELD AVENUERM8420150-
523 VERMONT STREETD17419300-
404 SNEDIKER AVENUED77220180-

Every building on file in East New York-New Lots